Post #5755

🇰🇷South Korean Won Hits 17-Year Low The South Korean won fell to 1,517.30 per dollar on March 23, its weakest level since the global financial crisis of 2009, when it reached 1,549. The currency has now remained below the 1,500-won threshold for more than two consecutive sessions for the first time since that period. Geopolitical tensions tied to the Iran conflict drove demand for hard currency, with offshore investors selling a net 3.67 trillion won worth of South Korean equities. The benchmark KOSPI index fell 6.49 percent, closing at 5,405.75. South Korea's markets have shown heightened volatility since the conflict began earlier in the month, reflecting the country's heavy dependence on energy imports. Iran threatened to strike Gulf neighbors' energy and water infrastructure if the United States targeted Iran's electricity grid. #SouthKorea @asianomics